“A moment’s insight is sometimes worth a life’s experience.” -Oliver Wendell Holmes
Variability is a fact of life!
The first image in this post is from an actual project that I managed using Microsoft Project Professional 2010 and the ProChain add-on. This was also my first time using Critical Chain Project Management (CCPM) instead of the normal critical path methodology that is common in the market today.
The greatest benefit I received from using CCPM as my project management methodology is visibility into how I use slack or buffer on my project. I also incorporated a specific planning process that ensured that I include the full scope of work from my project’s charter, WBS and project team; this is called Network Building. My project team benefited by gaining insight into the critical integration points that could cause major delays in executing the initiative. Although we hoped for the best and planned for the worst, we experienced a tremendous amount of variability (the worst scenario) which we all know is a fact of life. Here are some of the challenges that we encountered:
All of these challenges created the buffer image at the top of this post. What saved us from total disaster? We used the processes and procedures that are core to any key CCPM project. Each task has only two estimates:
What’s the point?
Gerald J. Leonard is an international expert on the topics of Developing A Culture That Works, Strategy Implementation, and Project Portfolio Management. He is the author of Culture Is The Bass: 7 Principles for Developing A Culture That Works, and the upcoming book, Workplace Jazz: How Emotionally Connected Teams Thrive and Sustain Results. He is the CEO of Principles of Execution (PofE), a Certified Minority Business Enterprise with over 20+ years experiencing working with large Federal and State Governments and Multi-National Corporations. Gerald provides an insightful and unique way of combining his experience and expertise as a professional bassist and a certified Portfolio Management Professional consultant. Find out how you can work with Gerald as your business coach or attend one of his upcoming programs
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